GBP/USD Technical Outlook – April 7, 2025 📊
🔹 Current Price: 1.29116
🔹 Timeframe: 15-Minute Chart
📌 Bullish Scenario (Primary & Alternate Paths):
🟢 Price is approaching a minor resistance at 1.29144, and a break above could lead to a push toward:
📍 1.29620 – Short-term resistance
📍 1.30295 – Key target zone
📌 Demand Zones (Support):
🟩 1.29144 - 1.29307 – Retest zone (potential bullish continuation)
🟩 1.27850 - 1.28350 – Major support for rebound if price rejects near-term structure
🛠️ Game Plan:
✅ Look for confirmations (bullish engulfing or breakout retest) around 1.29144 for long setups.
❗ If price breaks below both demand zones, reassess for bearish pressure.
#GBPUSD #PriceAction #ForexAnalysis #FXFOREVER #SmartMoneyConcepts #DemandZone #SupplyAndDemand #15MAnalysis
🔹 Current Price: 1.29116
🔹 Timeframe: 15-Minute Chart
📌 Bullish Scenario (Primary & Alternate Paths):
🟢 Price is approaching a minor resistance at 1.29144, and a break above could lead to a push toward:
📍 1.29620 – Short-term resistance
📍 1.30295 – Key target zone
📌 Demand Zones (Support):
🟩 1.29144 - 1.29307 – Retest zone (potential bullish continuation)
🟩 1.27850 - 1.28350 – Major support for rebound if price rejects near-term structure
🛠️ Game Plan:
✅ Look for confirmations (bullish engulfing or breakout retest) around 1.29144 for long setups.
❗ If price breaks below both demand zones, reassess for bearish pressure.
#GBPUSD #PriceAction #ForexAnalysis #FXFOREVER #SmartMoneyConcepts #DemandZone #SupplyAndDemand #15MAnalysis
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fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.